Moneycontrol PRO
you are here: HomeNewsBusiness
business
Jump to
  • Adani refutes reports on debt repayment concerns as shares slide March 29, 2023 06:54 AM IST

    Adani refutes reports on debt repayment concerns as shares slide

    Adani units slumped Tuesday after India’s Economic Times said the group is seeking to renegotiate the terms of $4 billion worth of loans, citing people it didn’t identify.

  • Ajay Piramal, TPG weighing exit from Shriram General March 29, 2023 06:50 AM IST

    Ajay Piramal, TPG weighing exit from Shriram General

    Piramal and TPG are jointly working with an adviser on divesting a combined 30% stake in the holding company of Shriram General Insurance Ltd., said the people, who asked not to be identified as the information is private. Shriram General Insurance Holdings could be valued at more than $2 billion in a transaction, the people said.

  • Pranav Haridasan to be new MD and CEO of Axis Securities March 28, 2023 06:37 PM IST

    Pranav Haridasan to be new MD and CEO of Axis Securities

    Haridasan, who is currently Managing Director and Co-Head of Equities at Axis Capital, has more than 20 years of experience in financial markets across different asset classes.

  • GR Infra lowest bidder for 2 NHAI projects worth Rs 1,613 crore in Karnataka March 28, 2023 02:19 PM IST

    GR Infra lowest bidder for 2 NHAI projects worth Rs 1,613 crore in Karnataka

    The financial bids were opened on March 28, 2023, GR Infraprojects said in a BSE filing.

  • Shiprocket partners with eBay for cross-border shipping solutions March 28, 2023 02:09 PM IST

    Shiprocket partners with eBay for cross-border shipping solutions

    As a part of this partnership, all eBay cross-border trade sellers from India will be able to choose its cross-border shipping solution, Shiprocket X, as their shipping partner for eBay shipments, the company said in a statement.

  • Gogoro, Zomato, Kotak Mahindra Prime join hands to accelerate adoption of EVs by delivery partners March 28, 2023 12:55 PM IST

    Gogoro, Zomato, Kotak Mahindra Prime join hands to accelerate adoption of EVs by delivery partners

    As per the partnership, the companies will offer last-mile delivery partners associated with Zomato affordable loan terms and battery swapping services.

  • Kotak Mahindra Bank arm raises $1.25 billion for 2nd special situations fund March 28, 2023 12:24 PM IST

    Kotak Mahindra Bank arm raises $1.25 billion for 2nd special situations fund

    The money raised will be deployed in equity, debt capital and hybrid instruments across sectors, a statement from Kotak Investment Advisors (KIA), the arm of the private sector lender, under which the fund comes, said.

  • Zydus Lifesciences gets USFDA nod to market generic drug March 28, 2023 11:46 AM IST

    Zydus Lifesciences gets USFDA nod to market generic drug

    The company has received the final approval for Levothyroxine Sodium for Injection in strength of 100 mcg/vial, 200 mcg/vial, and 500 mcg/vial from the US Food and Drug Administration (USFDA), the drug firm said in a statement.

  • NSE, BSE put Adani Green Energy under second stage of longterm ASM framework from March 28 March 28, 2023 06:21 AM IST

    NSE, BSE put Adani Green Energy under second stage of longterm ASM framework from March 28

    In two separate circulars, the bourses said Adani Green Energy shall continue in the ASM framework but will be moved to the respective higher stage from March 28.

  • Air India ‘Premium Economy’ cabins: All that you must know as booking begins March 28, 2023 06:12 AM IST

    Air India ‘Premium Economy’ cabins: All that you must know as booking begins

    The launch of premium economy seats will help the airline market this class more aggressively than before and take on the likes of Air France, Lufthansa, British Airways and others who offer similar service.

  • Govt's immediate steps ensured Indian startups were not adversely impacted by SVB crisis: Ashwini Vaishnaw March 27, 2023 02:18 PM IST

    Govt's immediate steps ensured Indian startups were not adversely impacted by SVB crisis: Ashwini Vaishnaw

    Ashwini Vaishnaw, Minister for IT and Communications, also noted the rapid strides taken by India in areas of Artificial Intelligence (AI) and quantum computing.

  • OYO expects more than Rs 5,700 revenue in FY23 March 27, 2023 02:09 PM IST

    OYO expects more than Rs 5,700 revenue in FY23

    At a town hall on Monday, Agarwal told employees of the firm that OYO is aspiring to reach adjusted EBITDA of nearly Rs 800 crore in the next financial year.

  • Network18 Exclusive: Mamaearth IPO still in process, engaged with regulators, says CEO Varun Alagh March 27, 2023 01:59 PM IST

    Network18 Exclusive: Mamaearth IPO still in process, engaged with regulators, says CEO Varun Alagh

    "Reports of withdrawal of Mamaearth IPO are baseless. We are still in the IPO process, engaging with the regulators and bankers. We should get approval on IPO prospectus by next month,” Alagh has told CNBC-TV18

  • IDFC First Bank partners Crunchfish to demonstrate offline retail payments March 27, 2023 01:23 PM IST

    IDFC First Bank partners Crunchfish to demonstrate offline retail payments

    IDFC First Bank, is set to be a part of RBI's pilot project to enable offline payments, the private sector lender said, adding that the project will give access to digital payments even when there is no network.

  • TVS Motor introduces seven new products in Ghana March 27, 2023 12:55 PM IST

    TVS Motor introduces seven new products in Ghana

    The company has launched various new models like Apache 180 and Neo NX among others.

  • Mamaearth's parent puts IPO on hold: Report March 27, 2023 12:48 PM IST

    Mamaearth's parent puts IPO on hold: Report

    Mamaearth parent Honasa Consumer Ltd filed its documents for an IPO in December, planning to raise about $200 million to $300 million, through the issuing of new equity and an offer for sale of some existing shares, which could have valued the company at up to $3 billion.

  • First-year comparison shows Akasa Air clearly besting IndiGo March 27, 2023 01:24 PM IST

    First-year comparison shows Akasa Air clearly besting IndiGo

    Akasa Air will close its first financial year with more planes and higher market share than IndiGo in its first year. But it will have a tough time emulating IndiGo’s subsequent growth blitz.

  • SUN Mobility to power 50,000 electric two-wheelers of Zomato's fleet over next 2 years March 27, 2023 12:05 PM IST

    SUN Mobility to power 50,000 electric two-wheelers of Zomato's fleet over next 2 years

    Under the partnership, SUN Mobility will provide its battery swap solutions for last-mile deliveries with the initial fleet deployment to start in the National Capital.

  • The Drive Report: Mercedes-Benz EQB March 27, 2023 11:43 AM IST

    The Drive Report: Mercedes-Benz EQB

    The only electric SUV to offer third-row seating, the Mercedes-Benz EQB is a spacious and tranquil interlude in Mercedes-Benz India’s ongoing EV saga.

  • EPFO board meeting begins today: Pension, interest rates & all you need to know March 27, 2023 10:54 AM IST

    EPFO board meeting begins today: Pension, interest rates & all you need to know

    The decisions taken by the board will affect around 6 crore active EPFO subscribers. Here’s a look at the issues that will likely be taken up during the two-day meeting of the Central Board of Trustees

  • Back in 2018, Elon Musk proposed to take control of OpenAI and run it himself says report March 27, 2023 10:47 AM IST

    Back in 2018, Elon Musk proposed to take control of OpenAI and run it himself says report

    Elon Musk, CEO and chief engineer of SpaceX and the owner and CEO of Twitter, Inc. reportedly proposed the idea of running OpenAI by himself to his co-founders, however the proposal was rejected, prompting the tech billionaire's exit from the AI based startup.

  • MC Insider: Consumer tech reality check, an over-sized pill, finfluencer faceoff, axe on recovery agents, and more March 27, 2023 09:40 AM IST

    MC Insider: Consumer tech reality check, an over-sized pill, finfluencer faceoff, axe on recovery agents, and more

    "If it is too good to be true, it better be ignored. Investors who have lived by this rule have saved pots of money avoiding stocks that have promised the moon and not delivered."

  • Etihad starts direct flights between Kolkata and Abu Dhabi March 27, 2023 07:47 AM IST

    Etihad starts direct flights between Kolkata and Abu Dhabi

    The airlines will operate two flights a day, four days a week -- Tuesday, Thursday, Friday and Sunday -- from Kolkata to Abu Dhabi, the Netaji Subhas Chandra Bose International (NSCBI) Airport said in the statement.

  • More than 900 members of American Chamber of Commerce in China no longer regard China as a top-three investment priority March 26, 2023 11:06 PM IST

    More than 900 members of American Chamber of Commerce in China no longer regard China as a top-three investment priority

    The percentage of companies which see the “uncertainty of bilateral relations” as their leading challenge in China has risen to 66 percent. At the same time, the number of companies which think that China has become less welcoming to foreign companies has grown to 49 percent, the survey found.

  • Markets to track global factors in holiday-shortened week; may face volatility: Analysts March 26, 2023 01:34 PM IST

    Markets to track global factors in holiday-shortened week; may face volatility: Analysts

    Factors such as movement of global oil benchmark Brent crude and the rupee would also guide the trend in equities.